XML 36 R28.htm IDEA: XBRL DOCUMENT v3.21.2
SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2021
Disclosure of operating segments [abstract]  
Schedule of segment reporting
The following table summarizes certain financial data relating to ArcelorMittal’s operations in its different reportable segments:
NAFTABrazilEuropeACISMiningOthers*EliminationTotal
Six months ended June 30, 2021
Sales to external customers5,755 4,861 19,990 4,170 751 9 — 35,536 
Intersegment sales**23 937 37 726 1,317 7 (3,047)— 
Operating income (loss)936 1,742 1,861 1,458 1,287 (126)(85)7,073 
Depreciation and amortization142 109 615 220 115 20 — 1,221 
Capital expenditures147 139 578 214 97 16 (3)1,188 
Six months ended June 30, 2020
Sales to external customers7,023 2,398 13,428 2,440 524 7 — 25,820 
Intersegment sales**106 409 26 292 607 4 (1,444)— 
Operating (loss) income (452)272 (654)(92)415 (137)42 (606)
Depreciation and amortization292 122 704 239 126 27 — 1,510 
Impairment— — 92 — — — — 92 
Capital expenditures349 101 492 240 52 19 (2)1,251 
*Others include all other operational and non-operational items which are not segmented, such as corporate and shared services, financial activities, and shipping and logistics.
**Transactions between segments are reported on the same basis of accounting as transactions with third parties.
Reconciliation of operating income to net income
The reconciliation from operating income to net income is as follows:
Six months ended June 30,
20212020
Operating income (loss)7,073 (606)
Income from investments in associates, joint ventures and other investments1,043 127 
Financing costs - net(594)(642)
Income (loss) before taxes7,522 (1,121)
Income tax expense(946)(524)
Net income (loss) (including non-controlling interests)6,576 (1,645)
Schedule of geographical areas
Sales (by destination)
Six months ended June 30,
20212020
Americas
United States1
3,342 5,466 
Brazil3,971 1,824 
Canada1,844 1,207 
Mexico1,151 778 
Argentina598 260 
Others Americas749 488 
Total Americas11,655 10,023 
Europe
Germany3,019 2,008 
France2,489 1,447 
Poland2,328 1,550 
Spain2,041 1,343 
Italy2,667 1,495 
Turkey669 542 
Czech Republic598 371 
United Kingdom728 460 
Belgium877 693 
Russia863 377 
Netherlands628 447 
Romania228 154 
Ukraine394 191 
Others Europe2,200 1,499 
Total Europe19,729 12,577 
Asia & Africa
South Africa1,202 651 
Morocco325 194 
Egypt26 80 
Rest of Africa456 340 
China397 763 
Kazakhstan370 195 
South Korea264 148 
India91 53 
Rest of Asia1,021 796 
Total Asia & Africa4,152 3,220 
Total35,536 25,820 
1.Prior period include sales from ArcelorMittal USA, which was divested on December 9, 2020.
Schedule of products and services
The table below presents sales to external customers by product type. In addition to steel produced by the Company, amounts include material purchased for additional transformation and sold through distribution services. Others include mainly non-steel sales, manufactured and specialty steel products, and services.
Sales (by products)
Six months ended June 30,
20212020
Flat products19,418 15,634 
Long products8,380 5,291 
Tubular products1,045 650 
Mining products839 654 
Others5,854 3,591 
Total35,536 25,820 

Disaggregated revenue
The tables below summarize the disaggregated revenue recognized from contracts with customers for the six months ended June 30, 2021 and 2020, respectively:
Six months ended June 30, 2021NAFTABrazilEuropeACISMiningOthersTotal
Steel sales5,594 4,588 17,874 3,470 — — 31,526 
Non-steel sales 1
1 91 861 490 740 — 2,183 
By-product sales 2
43 52 439 67 — — 601 
Other sales 3
117 130 816 143 11 9 1,226 
Total5,755 4,861 19,990 4,170 751 9 35,536 
Six months ended June 30, 2020NAFTABrazilEuropeACISMiningOthersTotal
Steel sales6,669 2,221 12,212 2,085 — — 23,187 
Non-steel sales 1
92 45 269 178 517 — 1,101 
By-product sales 2
43 35 276 45 — — 399 
Other sales 3
219 97 671 132 7 7 1,133 
Total7,023 2,398 13,428 2,440 524 7 25,820 
1.Non-steel sales mainly relate to iron ore, coal, scrap and electricity;
2.By-products sales mainly relate to slag, waste and coke by-products;
3.Other sales are mainly comprised of shipping and other services.